Earnings
Affiliated Managers Group (NYSE:AMG) Cut to Hold at Zacks Research
Zacks Research has downgraded Affiliated Managers Group (NYSE:AMG) from a "strong-buy" to a "hold" rating, though the stock maintains an overall "Moderate Buy" consensus from analysts with an average price target of $379.14. AMG recently surpassed quarterly earnings and revenue expectations, reporting $8.29 EPS and $640.70 million in revenue. Institutional investors hold a significant 95.3% stake in the company.